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Posted: June 5, 2023 12:42 PM ET
Major cryptocurrencies sank on Monday, after the U.S. Securities and Exchange Commission charged the world’s largest cryptocurrency exchange Binance Holdings Inc. and its co-founder Changpeng Zhao with 13 breaches of the Cryptocurrency Act. securities.
Bitcoin BTCUSD fell 5% on Monday to $25,857, the lowest level since March 17, according to data from CoinDesk. Ether ETHUSD fell 4.4% to around $1,815 and Binance Coin fell 10.7% to around $275.
THE…
Major cryptocurrencies sank on Monday, after the U.S. Securities and Exchange Commission charged the world’s largest cryptocurrency exchange Binance Holdings Inc. and its co-founder Changpeng Zhao with 13 breaches of the Cryptocurrency Act. securities.
Bitcoin BTCUSD fell 5% on Monday to $25,857, the lowest level since March 17, according to data from CoinDesk. Ether ETHUSD fell 4.4% to around $1,815 and Binance Coin fell 10.7% to around $275.
The SEC alleged on Monday that Binance, the world’s largest cryptocurrency exchange, is secretly authorizing[ed] high-value U.S. customers to trade on Binance.com in violation of U.S. securities laws that prohibit unregistered exchanges from serving U.S. customers.
The complaint also alleged that Zhao, often known as CZ, exercised control over client assets and confused them with personal and company assets.
Binance representatives did not immediately return a request for comment.
Read: SEC accuses Binance and founder CZ of mishandling client funds, illegally serving US investors
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Sources 2/ https://www.marketwatch.com/amp/story/bitcoin-drops-after-sec-files-13-charges-against-binance-founder-changpeng-zhao-c928a4b3 The mention sources can contact us to remove/changing this article |
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